QUETTA, Jun 01 (APP): Mobilink Microfinance Bank Ltd. (MMBL), Pakistan’s largest digital Bank, set up a financial literacy camp at the University of Balochistan on Tuesday. The camp was organized under the State Bank of Pakistan’s National Financial Literacy Program for Youth. The gala had representatives from MMBL, SBP, RAAST and other notable banks in attendance.
The MMBL strives to provide financial knowledge and opportunities to the financially marginalized segments of the society, with a prime emphasis on enhancing female participation in the financial and economic sphere.
According to recent surveys, 15 million women operate mobile banking accounts in Pakistan, out of which only 3 percent reside in Balochistan, KPK, and Azad Kashmir.
This shows that despite being the largest province in terms of geographical area, Balochistan is currently home to the largest unbanked population compared to other regions. The MMBL aims to promote financial inclusion in this strategic province and help bridge this gap by organizing continuous financial literacy drives and providing access to convenient as well as secure digital financial products and services.
Sharing his thoughts, Ghazanfar Azzam, President and CEO of MMBL, highlighted MMBL’s efforts in promoting financial inclusion across the country with more concerted efforts in Balochistan going forward.
He said, “MMBL operates through a unique hybrid setup with physical branches and branchless banking agents spread across the country. We are dedicated to further expanding our footprint in Balochistan and equipping our countrymen with financial knowledge, especially in underserved communities, to help them effectively manage their daily financial requirements and improve their standard of living. As an ambassador for promoting financial inclusion, MMBL and other financial institutions should continue with their efforts in minimizing the huge financial gap that currently exists in Balochistan.”
APP/ask.
Pakistan's National News Agency
